Section 17-A. Reports of regional transportation authorities; certain cases

1.  Each regional transportation authority shall submit to the governor,
  the commissioner, the chairman and ranking minority member of the senate
  finance committee, and the chairman and ranking minority member  of  the
  assembly ways and means committee annually, not later than the first day
  of  October  in  a  manner to be prescribed by the state director of the
  budget, information on  operations  and  capital  construction,  setting
  forth  the  estimated receipts and expenditures for its next fiscal year
  and its current fiscal year.
    2. In addition to any report  required  pursuant  to  subdivision  one
  hereof,  each  regional  transportation  authority  shall  report to the
  commissioner concerning capital improvement projects in accordance  with
  the  provisions  of  section  one  hundred  nineteen-s  of  the  general
  municipal law any inconsistent provision of law notwithstanding.